Business news from Ukraine

EX-TOP MANAGERS OF UKRAINIAN PRIVATBANK CREATING RETAIL MOBILE BANK IN UK

1 March , 2018  

The former top managers of PrivatBank (Kyiv) are creating a bank in the UK, a counterpart of the mobile bank Monobank, Dmytro Dubilet, the ex-director for information technologies at PrivatBank, said on his Facebook page.
“I publish the first episode about how Oleh Horokhovsky, Mykhailo Rohalsky and me are launching a bank in the UK … We’ve decided to open a bank in the UK – a counterpart of Monobank. And we decided to do something like a reality show from it. We have to find contractors and partners, get licenses, and, most importantly, we have to raise capital. And we will make videos about all this and post on this channel (YouTube),” he wrote.
Ex-first deputy head of PrivatBank Oleh Horokhovsky said on Facebook “the English project is not just a business project. It’s a real test that sums up everything that was done before and sets an incredible bar.”
As reported, Horokhovsky, Dubilet and ex-head of the Payments and Transfers business at PrivatBank Mykhailo Rohalsky in January 2017 announced their intention to create an IT company, Fintech Band. According to Dubilet, the company will deal with processing, CRM systems, credit cards, Internet banking, etc.
By October 2017 Monobank issued the first thousand credit cards, and in February of this year it starts to attract deposits.
Dubilet’s father, Oleksandr Dubilet, before the nationalization of PrivatBank in late 2016 headed the board of this financial institution.